Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. T-Mobile US (TMUS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TMUS and the rest of the Computer and Technology group's stocks.
T-Mobile US is one of 633 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. TMUS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TMUS's full-year earnings has moved 7.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that TMUS has returned about 23.09% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 20.37%. As we can see, T-Mobile US is performing better than its sector in the calendar year.
Looking more specifically, TMUS belongs to the Wireless National industry, which includes 15 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, this group has gained an average of 20.69% so far this year, meaning that TMUS is performing better in terms of year-to-date returns.
TMUS will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.